Living on a budget is hard for anyone. But for college students, it may be the first time that you have been in full control (or almost full control) of your money. A few tips for how to handle your expenses, avoid debt and still have some fun along the way can be a big help. Whether you think you are doing just fine money-wise or if you have no idea where to begin, read on; while these are tips for college students, they’re suggestions that everyone can benefit from.
College days often mean living on a budget. But that doesn’t mean that you can’t dress in style. Do-it-yourself, (diy) clothes are the rage. You can also make a fashion statement and create your own couture clothing on a budget. You might even decide to start your own fashion line. A little creativity and a lot of imagination is all you need to rival the most famous fashion designers. You don’t need a big budget. A little lace, a few beads some fabric glue and dye can work wonders on old clothing that you thought was headed to the trash bin. Open up your closet and let’s see what you can do.
It helps if you know how to use a needle and thread, but you can still create fashion without fancy skills. You don’t need to spend a lot of money either. Read more
College is the time when you dedicate yourself to learning about things that will help you for the rest of your life. That’s also true when it comes to money matters. Now that you’re managing your own money you need to learn how to save money as well as how to pay off your debts and student loans. It’s not as hard as you might think. What you need is a little knowledge and a lot of persistence. Even if you have a mountain of debt, it’s possible to pay it off and free yourself from a life of debt servitude. Here’s how.
It’s possible to pay off debt
In a January 15, 2013 article for Forbes.com, “How I Paid Off $90,000 In Debt In Three Years,” contributor LearnVest explained how Stephanie Hood paid off a mountain of debt.
How did she accumulate so much debt in the first place? Read more
As the days start to warm up, the ice and snow melt away, and the sun begins to shine, you are going to want to toss aside all those heavy knits and clunky boots for some fun, fresh spring fashion. But you probably can’t afford to revamp your entire closet, so how about incorporating some of the 2014 spring trends to keep your look fresh? Get inspired by the latest looks from the runways, then pick a few ideas you like and incorporate those into your existing wardrobe. That is how to update your spring wardrobe on a budget and still feel like you are looking good.
From the runway
You may not want to or be able to follow some of the more outlandish trends that come off the fashion runways, but you can mine the latest looks for ideas to adapt to your life and your budget. Read more
It’s been a long, cold winter— what the heck is an artic vortex anyway?— and while you might think you bore the brunt of it trudging uphill, both ways, in snow to class, your wheels probably took some abuse as well. Doing a little spring car maintenance as things begin to thaw out is probably a good idea. But you are a college student, and probably on a budget, so you need some DIY tips to keep your sweet ride rolling, without breaking the bank.
A maintenance checklist
First things first, you need to know what you should be taking care of in terms of spring car maintenance. Read more
Tax season is upon us, and if you have any income you are probably hoping for a hefty check after filing your return. The big question once your tax refund arrives is what to do with it. Read on for some ways to save that money, as well as smart spending tips if it is burning a hole in your pocket.
Part of your income
The experts at TurboTax would like to remind you in their article “How to Spend, Save, or Stretch Your Tax Refund” that your tax refund is not a gift from Uncle Sam. In reality, that money is part of your income and you should take that idea into consideration when you are deciding on whether to spend or save that check.
What’s more, if you are getting too large of a refund, then you may need to adjust your paycheck withholdings. According to TurboTax, “the amount that is withheld from your paycheck is based in part on the number of exemptions you entered on the W-4 you gave to your employer.” Read more
With student debt growing and becoming a burden to recent graduates, college students will want to take all the tax deductions they can to save money. Federal tax filing is very complicated and the information here provides just a few tips. Always seek advice from a tax professional or accountant before filing your returns.
Preparations before filing taxes
Before beginning the tax filing process, students and parents need to make a few decisions. If your parents live in one state and you attend college full-time in another but go home for the summer, you will need to determine which state is your primary residence. As each state has different qualifications for residency, both states could claim you as a resident. Read more
Very soon the credit card purchases you made this past holiday season will appear on your statement. Ouch! Student success depends on smart money matters, but credit cards are a temptation that could lead to bad spending habits at the least and a devastated credit rating at the worst. Here are some college tips for managing credit card debt.
How to reduce credit card spending
Using a credit card is so easy. It’s plastic money that lets you buy now and pay later. So tempting. Read more
Now that you’re in college you may have noticed that you have to learn how to organize your life. It’s not enough to master math, English, and the skills required in your major. The paperwork in your life is beginning to pile up. You need some kind of system to track it or else you’ll be dealing with chaos. Need information for that FAFSA financial aid form? How about preparing your tax return? Here are a few tips and tricks to help you tame your own paper tiger.
If you learn how to master the art of organizing the paper in your life then it is just a short step to doing the same in a digital environment. Having a system and sticking to it is the key to success. What kinds of paperwork should you be saving and organizing? Read more
The recent credit card breach that took place between November 27 and December 15, 2013 affected about 40 million Target customers. Hackers stole bank information such as customer names, card numbers, expiration dates and security codes. College students can protect their credit card accounts by following some simple, but effective tips.
Credit card holders are not financially responsible for money lost as a result of the hacking. That responsibility falls to the stores and banks. Larger banks are quickly replacing customers’ compromised cards with new ones. But some smaller banks without the infrastructure or cash on hand to deal quickly with the crisis could be severely compromised if hackers take money from accounts. Read more